4 Research on the WEB forCUSTOM MANUFACTURERS who make your type of product
5 Check out both Domestic andOverseas Manufacturing optionsUse Global Sourcing websites tolocate factories that specialize in your type of products
6 Have factories sign a Confidentiality Agreement before sending offproduct designs and concepts
7Don’t make any decisions before you receive QUALITY product samples
8 Don’t make any decisions before you have agreedupon all your manufacturing COSTSRemember to work out your manufacturing costs from the retail price point down
9 Different materials may require using aseparate manufacturer for each component
10 Check that you are working directly with the FACTORYand not just a SOURCING company(unless you decide that this is the most effective way to work with multiple factories – or you are working with a sourcing agent)
11 Many products (plastic) require MOLDS This is a time consuming and expensive process. Allow the required mold making time and confirm moldcosts upfront – some factories may amortize the mold costs
12 DOMESTIC MANUFACTURING Saves on freight charges Quicker shipping windowClose contact during the manufacturing process
13 OVERSEAS MANUFACTURING Cost Savings Higher Freight Costs Longer lead times 90 days to source the product 90 days to manufacture the product90 days to ship the product to a coastal USA port
14 Overseas Sourcing Fairs The Canton Fair China Import and Export Fair Manufacturers 51% Foreign Trade Enterprises 38% www.cantonfair.org.cn April 15th – May 5th, 2013 Global Sourcing FairsPremier trade fairs helping volume buyers source from Greater China www.globalsources.com/tradeshow
15Additional Costs include: Packing Master Cartons Shipping /Freight Warehousing EDI (Electronic Data Interchange) UPC barcode Numbers And more…
Author of“The Caboodles Blueprint” A Step by Step GUIDE –How to get your idea onto 30,000 retail shelves www.leoniemateer.com
A particular slide catching your eye?
Clipping is a handy way to collect important slides you want to go back to later.